Securities Accounts (Apex)
tastyworks is a member of the Securities Investor Protection Corporation ("SIPC"). Therefore, funds are available to meet customer claims up to $500,000, which includes a maximum of $250,000 for cash claims.
Aside from the protection under SIPC, Apex has purchased an additional insurance policy to supplement SIPC protection, widely referred to as "excess SIPC." This additional insurance policy becomes available to customers if SIPC limits are exhausted. The additional insurance protects securities and cash up to an aggregate limit of $150 million, subject to sub-limits for any one customer of $37.5 million for securities and $900,000 for cash.
Please note that both SIPC and "insurance above SIPC coverage" protect against the loss of securities and cash due to the insolvency of a brokerage firm, not against trading losses or fluctuation/ depreciation in the market value of customer securities.
For additional information on SIPC coverage, including a brochure upon request, please get in touch with SIPC at firstname.lastname@example.org or visit the SIPC website at www.sipc.org.
Futures & Cryptocurrency Accounts
Futures and cryptocurrency accounts are held separately from your securities account and do not fall under SIPC protection as they are not securities accounts. To learn more about the separation of your futures and crypto accounts, please click here.